What is Cost Segregation and Bonus Depreciation in Real Estate, with Erik Oliver

Welcome To The Real Estate Underground Show #52!Erik Oliver holds a Bachelor of Applied Science in Accounting from Westminster College. Before joining Cost Segregation Authority, Erik was an Operations Manager for a multi-million dollar landscaping and design firm in Long Island, NY. Since heading west and joining Cost Segregation Authority, Erik has been speaking at local, regional, and national events. He is passionate about identifying cost savings and educating commercial real estate owners on the benefits of cost segregation.What you’ll learn about in this episode: Understand the concept of cost segregation and how it accelerates depreciation for real estate investors.Discover how the Tax Cuts and Jobs Act of 2017/2018 made cost segregation more beneficial to all investors, even for single-family rental properties.Learn why it is essential for building owners to hire professionals knowledgeable in construction and tax law to maximize results.Explore the process of a cost segregation study for 2022 taxes, including an initial benefit analysis and a site visit.Determine the optimal timing to engage in new construction projects, whether during the construction phase or when the project is completed.Resources:Website: www.costsegauthority.comEmail: [email protected] - Speed as a Service™Elevista Connect is the first AI-powered lead conversion system built for real estate investors. 🎧 Subscribe to Real Estate Underground for weekly insights on building wealth through real estate, without sacrificing your sanity.Additional Resources:Clark St Capital -> Passive real estate investments for busy business owners and executivesElevista -> AI SaaS for real estate investorsClark St Academy on YouTube -> Learn how to invest in real estateSocial Media:LinkedIn -> Ed Mathews (President at Clark St and Elevista)Heads up: If you find this week's book intriguing and you buy using our link, we receive a small commission that helps support the show. Thank you!